AUSTRALIA

ING favors U.S. real-estate trusts despite crisis

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U.S. real-estate investment trusts (REITs) enjoy strong investor support, despite the slump in U.S. property markets, because they have moved aggressively to repair their balance sheets, ING Real Estate said on Wednesday.

Asian stocks fall on swine flu, U.S. bank worries

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Asian stocks dropped for a second day on Tuesday and Japanese shares hit a one-month low, with investors fretting about the potential economic fallout if the swine virus outbreak becomes a full-fledged pandemic and the results of U.S. bank stress tests.
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Companies restrict travel, advise staff on flu

Companies began restricting employee travel in response to a potential flu pandemic that has claimed at least 149 lives in Mexico and weighed stronger measures, while an unconfirmed case at Ernst & Young led the firm to close a portion of its New York office.
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Lockheed says F-35 classified data not breached

The Pentagon and Lockheed Martin Corp, its top supplier, discounted a Wall Street Journal report that cyber spies had stolen secrets of the F-35 Joint Strike Fighter aircraft being built for the United States and nearly a dozen allies.
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Penguin signs China e-book deal as sales rise in U.S.

Penguin Group has become the first international publisher to sign an English electronic book distribution deal in China after seeing significant growth in the United States, the head of the group said on Tuesday.
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FPL, GE, Cisco team up on Miami smart-grid

FPL Group's chief executive officer said on Monday that the company's Florida utility's $200 million smart grid initiative will link homes and power plants and support expanding use of solar power and electric cars.
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Asia governments dangle carrots to attract green money

Asian governments are warming to the idea of offering incentives for green investment and could help attract billions of dollars in funding for solar and wind power industries struggling under tight credit conditions.
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Asia stocks edge up, but Aussie and oil retreat

Asian stocks edged up on Monday, holding near a six-month peak and withstanding an early bout of profit-taking as investors eyed a slew of corporate earnings reports around the world this week.
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Parmalat shares may rise as headlines fade: report

Parmalat SpA , best known to many U.S. investors for its 2003 bankruptcy and accounting scandal, may benefit as the market again focuses on its boring but steady dairy business, Barron's said Sunday.
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Corporate results support stocks but outlook hazy

Asian stocks rose on Friday and the yen slipped, after upbeat results from JPMorgan and Google kept a revival of risk taking alive, with Asian shares outside Japan on track for a sixth week of gains.
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Australia energy network needs $72 billion-survey

Australia's energy supply network will need almost A$100 billion ($72 billion) in refinancing and new spending over the next five years as it grapples with reducing greenhouse gas emissions, according to an industry survey released on Tuesday.
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Qantas heads towards first H2 loss in six years

Qantas Airways Ltd forecast on Tuesday its first second-half loss in six years and unveiled capacity and job cuts as Australia's biggest airline battles a slump in passenger demand and rising competition.
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Asian shares rally but uncertainty lurks ahead

Asian shares rose to a six-month high on Tuesday after Goldman Sachs' stronger-than-expected profit signaled the worst could be behind for U.S. banks, but plenty of concerns about the global economy still remain.
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Asian shares advance despite plenty of fears

Asian shares rose to a six-month high on Tuesday after Goldman Sachs' stronger-than-expected profit signaled the worst could be behind for U.S. banks, emboldening investors to chase after riskier assets.
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Thai protesters force Asia summit cancellation

A summit of Asian leaders in Thailand was canceled on Saturday after anti-government protesters swarmed into the meeting's venue, renewing doubts about the durability of the government.
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Fiji president takes over

Fiji's president revoked the politically unstable South Pacific nation's constitution on Friday, named himself to replace temporarily a post-coup interim government and called for fresh elections by 2014.

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